2024 MZN to RWF Historical Review

YEARLY HIGH

21.8419 RWF

YEARLY LOW

19.7173 RWF

YEARLY AVERAGE

20.6249 RWF

2024 MZN to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 24, valuing the pair at 21.8419. Conversely, the yearly low was recorded on January 7, dropping to 19.7173.

This high-to-low spread represents a total annual volatility of 2.1246 RWF. From a start-to-finish perspective, comparing the January average rate of 19.9194 to the December average rate of 21.6630, the exchange rate registered a net change of 8.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 21.8419 was up 10.55% compared to the 2023 peak of 19.7574, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MZN based on timing:

Yearly Peak High 109,210 RWF

2023 Average 90,686 RWF

Yearly Trough Low 98,587 RWF

Transaction Impact: A difference of 10,623.12 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

21.8373

19.7450

JanuMarcMayJulySeptNove

MZN to RWF Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 20.1551, compared to 21.0947 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9396 points.

H1 Avg (Jan–Jun) 20.1551

H2 Avg (Jul–Dec) 21.0947

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 1.1931 RWF (High: 20.9105 / Low: 19.7173). On the other end, April was the most stable month, with a tight range of 0.1929 RWF (High: 20.2715 / Low: 20.0786).

January Spread (Volatile) ±1.1931

April Spread (Stable) ±0.1929

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 21.6630) against the same month in 2023 (average: 19.6312), the exchange rate shifted by +2.0317 (+10.35%).

2024 Avg (December) 21.6630

2023 Avg (December) 19.6312

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.9105	19.7173	19.9194
February	20.2008	19.8769	19.9678
March	20.1883	19.9374	20.0893
April	20.2715	20.0786	20.1633
May	20.5608	20.1590	20.3134
June	20.6967	20.3057	20.4774
July	20.7077	20.4245	20.5550
August	20.9446	20.4415	20.7198
September	21.2817	20.8385	21.0259
October	21.3838	20.8751	21.1793
November	21.5738	21.2497	21.4248
December	21.8419	21.1903	21.6630